9AT: BASELINE PARTNERS LLC

other names

BASELINE PARTNERS LLC
BASELINE CAPITAL PARTNERS LLC

Adviser Profile

As of Date	03/31/2026
ADV Location	MESA, AZ, United States
Adviser Type - An investment adviser (or subadviser) to an investment company
Number of Employees	4 -64%
of those in investment advisory functions	1 -50%
Registration	SEC, Approved, 01/20/2023
Other registrations (14)	Arizona, ERA - Withdrawn, 12/21/2022 California, ERA - Withdrawn, 12/21/2022 Colorado, ERA - Withdrawn, 12/21/2022 Florida, ERA - Withdrawn, 12/21/2022 Georgia, ERA - Withdrawn, 12/21/2022 Hawaii, ERA - Withdrawn, 12/21/2022 Idaho, ERA - Withdrawn, 12/21/2022 Michigan, ERA - Withdrawn, 12/21/2022 Montana, ERA - Withdrawn, 12/21/2022 Nebraska, ERA - Withdrawn, 12/21/2022 New Hampshire, ERA - Withdrawn, 12/21/2022 Oregon, ERA - Withdrawn, 12/21/2022 Texas, ERA - Withdrawn, 12/21/2022 Utah, ERA - Withdrawn, 12/21/2022
Former registrations	BASELINE PARTNERS LLC

AUM^*	75,311,489 -30%
of that, discretionary	75,211,489 -48%
Private Fund GAV^*	110,645,959
Avg Account Size	25,103,830 -65%
SMA’s	No
Private Funds	2
Contact Info	480 xxxxxxx
Websites

Client Types

- Investment companies
- Pooled investment vehicles

Advisory Activities

- Portfolio management for investment companies
- Portfolio management for pooled investment vehicles

Compensation Arrangments

- A percentage of assets under your management
- Performance-based fees

Fund Type	Count	GAV
Fund TypeReal Estate Fund	Count2	GAV$110,645,959

Adviser	Hedge Fund	Liquidity Fund	Private Equity Fund	Real Estate Fund	Securitized Asset Fund	Venture Capital Fund	Other Fund	Total Private Fund GAV	AUM	#Funds
Adviser LANIER ASSET MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund21.8m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV21.8m	AUM147.4m	#Funds3
Adviser CORETRUST INVESTMENT MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM121.8m	#Funds-
Adviser AII CAPITAL MANAGEMENT, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund4.1m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV4.1m	AUM108.6m	#Funds1
Adviser FAIRWAY AMERICA INVESTMENT ADVISORS, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund-	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV-	AUM140.7m	#Funds-
Adviser FORUM CAPITAL ADVISORS LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund332.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund264.2m	Total Private Fund GAV596.6m	AUM1.3b	#Funds13
Adviser SOLUTIONS 4 WEALTH	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund1.6m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV1.6m	AUM189.4m	#Funds1
Adviser ADDICUS ADVISORY, LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund20.0m	Real Estate Fund124.4m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund47.1m	Total Private Fund GAV191.5m	AUM274.8m	#Funds56
Adviser BLUE MOON CAPITAL MANAGEMENT LLC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund159.5m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV159.5m	AUM159.5m	#Funds1
Adviser WELLINGS CAPITAL	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund33.3m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV33.3m	AUM201.9m	#Funds2
Adviser DYCHE WEALTH MANAGEMENT, INC	Hedge Fund-	Liquidity Fund-	Private Equity Fund-	Real Estate Fund30.7m	Securitized Asset Fund-	Venture Capital Fund-	Other Fund-	Total Private Fund GAV30.7m	AUM162.3m	#Funds12

Brochure Summary

Overview

Baseline Partners LLC is a Delaware limited liability company that was founded in November 2018. Baseline serves as investment manager to two private investment funds, Baseline CRE Income Fund, LLC (“Baseline CRE”), a Delaware limited liability company, and Baseline Credit Opportunity Fund, LLC (“Baseline Opportunity”), a Delaware limited liability company (together the “Funds”). Unless otherwise described, references herein to the “Fund” or Funds”, “Member” or “Members” or “Unit” or “Units” shall be used to reference both Baseline CRE and Baseline Opportunity. Baseline is a privately held investment adviser with headquarters in Mesa, Arizona principally owned (indirectly) by Patrick R. Cardon. Baseline provides discretionary investment management services to the Funds generally designed to preserve and protect capital and to pay attractive and stable cash distributions by investing in credit opportunities within the U.S. commercial real estate markets, which primarily include first-lien and short-term loans collateralized by real property. For more information regarding Baseline’s

investment strategies, please see Item 8 below. The limited liability company interests in Baseline CRE and Baseline Opportunity are not and will not be registered under the Securities Act of 1933, as amended (the “1933 Act”), or the securities laws of any state or any other jurisdiction, nor is any such registration contemplated. In addition, the Funds are not and will not be registered as investment companies under the Investment Company Act of 1940, as amended (the “1940 Act”), in reliance on various exceptions under Section 3(c) thereof. Baseline does not presently manage assets for any individual or separate account clients or other investment vehicles (other than the Funds) and does not tailor its advisory services to individual needs of other clients. As of December 31, 2023, Baseline’s Regulatory Assets Under Management as defined in the instructions to Form ADV Part I were $125,432,974, all managed on a discretionary basis. For more information about the Funds, including applicable fees and other terms and conditions of investment, please consult the Private Placement Memorandum for the applicable Fund.

BASELINE PARTNERS LLC

Related Companies

Adviser Profile

Details

Client Types

Advisory Activities

Compensation Arrangments

Reported AUM

Private Funds

Employees

Private Funds Structure

Similar advisers

Brochure Summary

Overview